You Have Arrived - Top Property with Upside
Modern, exclusive 4 level resort in a prime location.
Offering a total of 95 spacious two and three bedroom apartments with 47 in the current letting pool, this quality resort is in a high demand area.
Excellent Body Corporate salary and good agreements.
A mix of holiday and permanent letting is offered.
Further growth ongoing with conversion to holiday letting progressing as demand requires.
Cairns long term rental vacancy rate is down to 2% with rentals rising.
No major new apartment properties have been built for 10 years.
Small manager pet allowed.
Opportunity for the manager to upgrade to 3 bedroom apartment.
Gallery Vie compliant.
Rarely do opportunities for properties of this calibre and upside come along.
Contact Calvin today for further property details.
Net Profit: $423,567 Remuneration / Body Corp Salary: $122,265Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $380,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes
Well sized manager's apartment with adjoining office on title. Opportunity for manager to upgrade to a three bedroom apartment.
Complex InformationComplex Type: MixedTotal Units in Complex: 95Total Units in Letting Pool: 45Holiday Units: 19Permanent Units: 26Owner Occupy Units: 34Outside Agent Units: 16Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesGym: YesBBQ Area: YesPay TV: YesWIFI: Yes